Housing market briefings - green mortgages and retirement living
Pictured: Hopton's Almshouses in Bankside, Southwark, owned by United St. Saviour's Charity, built in 1752 with Rogers Stirk Harbour's award winning NEO Bankside behind.
This summer, Future Cities Forum is running discussion briefings around the drive towards green mortgages, home energy efficiency and retirement housing provision.
The accent on climate risk and protecting the environment has now taken a new turn this year, with EU banks focusing on the mortgage market. BNP Paribas, ING Bank and AXA are among those trialling a new 'green mortgage' which they say will help the consumer focus on energy efficiency.
The UK government has also now launched its Green Finance Strategy to increase investment in sustainable projects and infrastructure, while ensuring the UK remains an international leader in decarbonisation and meets its 2050 net zero carbon emissions target.
'The City must lead the way in securing a greener more resilient and sustainable future for the UK', stated City Minister, John Glen, adding that as the ‘world looks to shift to clean, resilient and sustainable economic growth, there is an opportunity to make London the go-to hub for green investment'.
A £5 million fund